Chevron Stock Analysis and Insider TransactionsChevron Stock Analysis and Insider Transactions Hedge Fund and Institutional Ownership * Seneca House Advisors reduced its holdings in Chevron by 2.0% in Q1. * Various other hedge funds and institutions have increased or decreased their positions in Chevron recently. Insider Transactions * Vice President Jeff B. Gustavson and Director Enrique Hernandez Jr. recently sold shares. * Insiders have sold 19,546 shares of Chevron stock for $3,176,223 in the past three months. Analyst Ratings * HSBC, Truist Financial, TD Cowen, Mizuho, and Wells Fargo & Company have recently updated their price targets and ratings on Chevron shares. * Five analysts rate the stock as “hold,” while fourteen rate it as “buy.” * MarketBeat consensus: “Moderate Buy” with an average price target of $186.95. Company Performance and Financial Data * Chevron’s stock price opened at $156.42 on Monday. * Debt-to-equity ratio: 0.13 * Current ratio: 1.23 * Quick ratio: 0.93 * 50-day moving average: $159.22 * 200-day moving average: $154.78 * Market cap: $288.28 billion * Price-to-earnings ratio: 14.39 * Price-to-sales ratio: 2.38 * Beta: 1.10 Quarterly Earnings and Dividend * Chevron reported EPS of $2.93 for Q1, exceeding analysts’ expectations. * Revenue for the quarter was $48.72 billion. * The company declared a quarterly dividend of $1.63, payable on June 10th. * Annualized dividend: $6.52 * Dividend yield: 4.17% * Payout ratio: 59.98% Company Profile * Chevron engages in integrated energy and chemicals businesses. * Operates in two segments: Upstream (exploration, production, transportation of crude oil and natural gas) and Downstream (refining, marketing, transportation of refined products).
Seneca House Advisors cut its holdings in Chevron Co. (NYSE:CVX – Free Report) by 2.0% in the first quarter, the firm said in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,643 shares of the oil and gas company after selling 96 shares during the period. Seneca House Advisors’ holdings in Chevron were worth $732,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their holdings in the company recently. Caxton Associates LP acquired a new position in shares of Chevron during the third quarter worth approximately $207,000. Ariel Investments LLC acquired a new position in Chevron during the third quarter worth approximately $1,654,000. Ameriprise Financial Inc. increased its position in Chevron by 0.4% in the third quarter. Ameriprise Financial Inc. now owns 14,814,522 shares of the oil and gas company’s stock worth $2,499,684,000 after purchasing an additional 62,254 shares in the last quarter. Alps Advisors Inc. acquired a new position in Chevron during the third quarter worth approximately $347,000. Finally, Alerus Financial NA increased its position in Chevron by 76.9% in the third quarter. Alerus Financial NA now owns 96,173 shares of the oil and gas company’s stock worth $16,217,000 after purchasing an additional 41,806 shares in the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.
Insider transactions at Chevron
In other news, Vice President Jeff B. Gustavson sold 3,750 shares of the company’s stock in a transaction dated Tuesday, May 21. The shares were sold at an average price of $160.23, for a total value of $600,862.50. Following the transaction, the Vice President now directly owns 477 shares of the company’s stock, valued at approximately $76,429.71. The transaction was disclosed in a legal filing with the SEC, available at this link . In related news, Director Enrique Hernandez Jr. sold 2,549 shares of Chevron’s stock in a transaction dated Thursday, May 2. The shares were sold at an average price of $161.00, for a total value of $410,389.00. Following the sale, the Director now directly owns 7,647 shares of the company’s stock, valued at approximately $1,231,167. The sale was disclosed in a legal filing with the SEC, available on the SEC’s website. Also, Vice President Jeff B. Gustavson sold 3,750 shares of the company’s stock in a transaction dated Tuesday, May 21. The stock was sold at an average price of $160.23, for a total transaction of $600,862.50. Following the sale, the Vice President now owns 477 shares in the company, valued at $76,429.71. The disclosure of this sale can be found here. In the last three months, insiders have sold 19,546 shares of the company’s stock for $3,176,223. Currently, 0.20% of the company’s shares are held by insiders.
Changes in analyst ratings
Several equities analysts have recently commented on the stock. HSBC increased their price target on shares of Chevron from $175.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Truist Financial increased their price target on shares of Chevron from $156.00 to $166.00 and gave the stock a “hold” rating in a research note on Friday, May 10th. TD Cowen increased their price target on shares of Chevron from $155.00 to $160.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. Mizuho increased their price target on shares of Chevron from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Finally, Wells Fargo & Company raised their price objective on shares of Chevron from $198.00 to $206.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the firm has an average rating of “Moderate Buy” and a consensus price target of $186.95.
Get our latest stock analysis on Chevron
Chevron Price Performance
Shares of CVX opened at $156.42 on Monday. The company has a fifty day moving average of $159.22 and a two hundred day moving average of $154.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.23 and a quick ratio of 0.93. Chevron Co. has a one-year low of $139.62 and a one-year high of $171.70. The company has a market cap of $288.28 billion, a price-to-earnings ratio of 14.39, a price-to-earnings ratio of 2.38, and a beta of 1.10.
Chevron (NYSE:CVX – Get Free Report) last released its quarterly earnings results on Friday, April 26. The oil and gas company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. Chevron had a net margin of 10.21% and a return on equity of 14.40%. The company had revenue of $48.72 billion for the quarter, compared to the consensus estimate of $48.42 billion. In the same period last year, the company reported $3.55 EPS. The company’s revenue for the quarter was down 4.1% year over year. As a group, research analysts expect Chevron Co. to post $13.15 EPS for the current fiscal year.
Chevron Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were paid a dividend of $1.63. The ex-dividend date was Thursday, May 16th. This represents an annualized dividend of $6.52 and a dividend yield of 4.17%. Chevron’s payout ratio currently stands at 59.98%.
Chevron profile
(Free report)
Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals businesses in the United States and internationally. The company operates in two segments: Upstream and Downstream. The Upstream segment is involved in the exploration, development, production and transportation of crude oil and natural gas; processing, liquefaction, transportation and regasification of liquefied natural gas; transportation of crude oil via pipelines; transportation, storage and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.
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